On the H4, with prices moving within a bearish channel and reversing off the ichimoku resistance, we have a bearish bias that price will rise and drop from the sell entry where the pullback resistance and 50% fibonacci retracement are to the take profit at 241.57 in line with the 78.6% fibonacci projection and swing low support. Alternatively, price could break entry structure and rise to stop loss at 275.32 where the swing high resistance and 100% fibonacci projection are.
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